Frankfort Village Board Cuts Property Tax Levy

The Village of Frankfort reduced the percentage of property tax it takes.

Credit: Getty
Credit: Getty
The Frankfort Village Board approved a decrease in the property tax levy for 2013.

"The village approved a total tax extension of $2,741,142, which is 4.01 percent less than the 2012 extension," according to a statement released on the action taken by the board during its meeting Monday night.

"If the assessed value of a residential property in Frankfort remains the same or decreases, the resident will pay less for the village portion of his or her property tax," according to the statement, which put the village's portion of a total property tax bill at about 5 percent.

Mayor Jim Holland said the village makes most of its money off sales tax. The village has pulled in $4.8 million so far in 2013, he said, and managed to do it with the lowest tax rate in the Chicago area.

"We can reduce the taxes because people shop in Frankfort," Holland said.

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fred December 03, 2013 at 09:22 AM
Now if we can only get 157C and LW to do the same...
Frankfurter December 03, 2013 at 10:21 AM
Too bad they can't keep the rate and give the extra to the Park District.
mcdeb December 03, 2013 at 10:45 AM
This does not include Frankfort Square Residents correct ? , because we are unicorporated ? So we can patronize stores in Tinley, Orland and Mattesson without feeling guilty right ?
gary December 03, 2013 at 11:30 AM
Thank you Frankfort board members for working to spend wisely and to reduce our taxes. It is refreshing to see a governmental agency not just find a way to always spend more. I agree with Fred that our school districts (which are a large part of our total real estate tax bill) need the courage and wisdom to do the same.
Karen Carroll December 03, 2013 at 12:14 PM
Summit Hill school district needs to take note. They have been the major collector with huge increases since 2009.
KMK December 03, 2013 at 08:44 PM
Deb Johnson, does the village of Frankfort show on your property tax bill? I'm guessing it doesn't if you are a FS resident. so you are not Paying any Property TAX to Frankfort. Go ahead and shop in the other towns but you WILL be paying a higher Sales tax rate there.


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